NEW YORK (TheStreet) -- Shares of General Electric Co. (GE) are up 0.47% to $25.82 in pre-market trading after it was reported that the French government today approved the company's planned 12.4 billion euro ($15.6 billion) purchase of most of Alstom's power business, according to Reuters.
France's Economy Minister Emmanuel Macron said in a statement that the government would activate the process that would see it take a stake of up to 20% in French engineering group Alstom from shareholder Bouygues once the GE-Alstom deal was fully completed.
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TheStreet Ratings team rates GENERAL ELECTRIC CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate GENERAL ELECTRIC CO (GE) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
Highlights from the analysis by TheStreet Ratings Team goes as follows: